All is NOT well on the international front...





The Middle East about to undergo major warfare if the current situation is not resolved shortly. And by the looks of it, nothing is done to abort this escalation. The Israeli and Palestinian confrontation is being forced into a major turning point in which a war would be the outcome. Considering the news from the last 2 weeks, ALL IS NOT WELL ON THE INTERNATIONAL FRONT.

Earnings play aside for now, the major focus of the global markets is reacting to the developments in North Korea, Iran, India, Israel, Palestine, Lebanon, and Syria. Major tensions are being played out between the Israelis and Palestinians, with a possible Iran connection (click on title of this post!). Debka.com is suggesting that Iran is trying to force a Middle East war scenario before going into the G8 Summit in Russia. If this plays out to be true, it only reinforces the speculation among the Western World that Iran is buying time to build nuclear weapons and will stop at nothing to get it done.

As this all plays out, political instability in the world is causing uncertainty in the markets. As the earning season is jut underway, look for this issue to put a hold on the markets for the next month or so. Commodities are starting to rally as all sectors have been down today. Gold and Oil charts above are hinting at pending rallies as they might break resistance levels.  ¶ 3:50:00 PM